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Sep 17, 2012
09/12
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david: united states ambassador to the united nations and ambassador to libya presented two different views of events that led to the death of our ambassador and three others. take a listen. >> that information is the best assessment we have today in fact this was not a pre-planned, premeditated attack. >> the way they acted, leaves us with no doubt that this is preplanned, predetermined. david: to exactly different answers to that question. it could lead to billions of dollars of investment for libya, something of great interest to our next guest. a member of the libyan royal family joining us now, good to see you again, thank you for coming in. on whose side do you fall on this issue? the president of libya or the u.s. ambassador? was it a planned attack or was it spontaneous? >> it was a planned event which was the work of qaddafi supporters. they have no shame in want to disrupt the democratic process in libya that have taken place right now. david: if it was a planned event, and we know that particular consulate was under increased threat over the past week or so, she did not hav
david: united states ambassador to the united nations and ambassador to libya presented two different views of events that led to the death of our ambassador and three others. take a listen. >> that information is the best assessment we have today in fact this was not a pre-planned, premeditated attack. >> the way they acted, leaves us with no doubt that this is preplanned, predetermined. david: to exactly different answers to that question. it could lead to billions of dollars of...
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Sep 12, 2012
09/12
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politically it is critical to the united states. so u.s. walking away i think is a direct correlation with the markets pulling back, if that were to happen. so there is nothing fundamentally different in egypt versus 18 months ago. the market is only rally, because u.s. interest, u.s. commitment. if they were to reverse i would be very surprised if the market holds its gains. david: thank you very much. from sm advisory group. moody's warnings of a potential cut of the u.s. credit rating came with a suggested solution, entitlement reform. there's a novel idea. but with half the country deriving some of their wealth from a government check is our credit rating already lost? liz macdonald is here with that story. liz claman joins us live from the intel developers conference in san francisco with more. liz, what do you have coming up? >> nobody is thinking about moody's downgrades or the federal reserve here unless we bring it up. instead they're thinking of ideas. how about, you do know only 8% of the time you're actually using your car. why
politically it is critical to the united states. so u.s. walking away i think is a direct correlation with the markets pulling back, if that were to happen. so there is nothing fundamentally different in egypt versus 18 months ago. the market is only rally, because u.s. interest, u.s. commitment. if they were to reverse i would be very surprised if the market holds its gains. david: thank you very much. from sm advisory group. moody's warnings of a potential cut of the u.s. credit rating came...
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Sep 27, 2012
09/12
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across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. david: china's economy is growing at its slowest pace in three years but frank lavin says china is growing at 3 1/2%. that is enough for u.s. companies to do well. he is the former u.s. undersecretary of commerce for international trade. always a pleasure to see him. thanks for coming in. >> thank you, david. david: what do you think about all the reports about the china slowdown? >> it is true china is growing less than its peak rate but will still be a very healthy at 7%. the important point, david, if the economy is growing at 7%, consumer spending is growing probably at 30% or so. david: when i hear numbers, as much as you deal with the chinese government you have to be skeptical of these numbers when you hear them, right? >> i think it is very hard to get p
across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. david: china's economy is growing at its slowest pace in three years but frank lavin says china is growing at 3 1/2%. that is enough for u.s. companies to do well. he is the former u.s. undersecretary of commerce for international trade. always a...
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Sep 14, 2012
09/12
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look back at united states. we're trying to create jobs here. the federal reserve the whole point of qe3 is to create jobs but they're facing massive secular changes. david: in fairness to bernanke, he says you need fiscal policies in order to create growth in the united states as well. that doesn't include raising taxes. if anything you lower tax rates. >> i think like a tug-of-war. they're doing all the qe trying to create jobs. over here you have technology. you announced last couple days, best buy. best buy and amazon. amazon is crushing best buy. costing them jobs. technology is costing us jobs. ipad itself, think what the independednt pad is doing to the computer industry. we used to have a two computers. now we have computer andist pad. jobs are being wipe out by technology. look at secular changes in the mortgage markets. they're lowing rates. i talk about my book. david: that is third plug for the book, go ahead. >> the mortgage market is brown. securitization market they should be focused on fixing that. is the blood in the veins and c
look back at united states. we're trying to create jobs here. the federal reserve the whole point of qe3 is to create jobs but they're facing massive secular changes. david: in fairness to bernanke, he says you need fiscal policies in order to create growth in the united states as well. that doesn't include raising taxes. if anything you lower tax rates. >> i think like a tug-of-war. they're doing all the qe trying to create jobs. over here you have technology. you announced last couple...
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holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the american economy grew at 4% compounded annually, from the birth of the republic practically up until 1971. whereas the economy under the federal reserve's quantitative easing in the last decade has been growing at 1.7%. you don't have to be a rocket scientist to choose between the, a stable dollar, a stable general price level, and economic growth enagained by -- engender by confidence in the future. david: how would a shift to the gold standard affect price of gold? would you freeze gold at at current price? >> the president would announce we're going to the gold standard. there woul
holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the...
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Sep 10, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. david: time for "off the desk" action. fantasy football is fun but comes wits with a price. challenger, gray & christmas came out with a new study. they say fantasy football costs companies $6.5 billion a year, pro -- because of procrastination time spent managing team at your desk. there are 22 million employed fantasy football players do the stuff at their des
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see...
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Sep 24, 2012
09/12
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last night equity prices and metal prices have been moving together since both the united states federal reserve and the bank of japan lored interest rate policy and put in additional stimulus in the global economy. last night silver and gold cracked, and there were a lot of people shaking their heads as to why the metals cracked, and there is perhaps talk out there there were large derivative positions out there that perhaps silver gets above $36 an ounce, you could see a large short covering trade. so be careful. but the fact that gold and silver cracked in this global, aggressive central bank easing campaign doesn't make sense either. david: no, no. of course, it was a crack. it may come back. john, we're going to be talking more to you when the s&p futures close in just about ten minutes. thank you, john. liz: thanks john. let's bring in maury, chief investment officer of relative value partners and david steinberg. both these gentlemen a lot of experience in the markets and a lot of money that they work with. david, you're a bit more optimistic right now, and as we look at the s&p 5
last night equity prices and metal prices have been moving together since both the united states federal reserve and the bank of japan lored interest rate policy and put in additional stimulus in the global economy. last night silver and gold cracked, and there were a lot of people shaking their heads as to why the metals cracked, and there is perhaps talk out there there were large derivative positions out there that perhaps silver gets above $36 an ounce, you could see a large short covering...
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Sep 13, 2012
09/12
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states that is why unemployment stays frustratingly high. won't that eventually hurt corporate profits? >> there is a lot that can go wrong and the fed was trying to minimize the risks if things go wrong from here but if you don't believe in the government and you don't believe in the u.s. currency because they are throwing so much money at it and you don't believe in government that when you do want to own are shares in corporations because they are the strongest entities in the world with a global footprint, good balance sheets. in a sea of uncertainty and lower returns one of the things you want to learn is a share of a growing stream of earnings and dividend and speculate by low-quality stocks, there is a lot that can go on but you want return and you do have to own the higher-quality companies and the global footprint. you have to have some of your money in those. dave: there was one this sense that this vote. you think richard fisher, head of dallas fed where you used to work if he was a voting member as he used to be that he would be
states that is why unemployment stays frustratingly high. won't that eventually hurt corporate profits? >> there is a lot that can go wrong and the fed was trying to minimize the risks if things go wrong from here but if you don't believe in the government and you don't believe in the u.s. currency because they are throwing so much money at it and you don't believe in government that when you do want to own are shares in corporations because they are the strongest entities in the world...
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Sep 11, 2012
09/12
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meanwhile, the unemployment is up, bad times on many fronts in the economy in the united states, but look what's happening. the market just keeps laughing it off and going up in the face of danger, all of the indices are up today. as cheryl and i were talking, they did come down a little bit. it was triple digits in the dow a little earlier in the day, it came down from that point but still a 69-point gain b is quite impressive. all of the indices, nasdaq the smallest of the gainers today, just up .02%, but russell 2000 up as well. when the bell rings, the action begins, a former hedge fund manager who says the federal reserve does have a secret weapon that a lot of people aren't talking about that it could fire this week. it's not more money printing we're talking about. also, we have a fox business exclusive interview with legendary investor mark babier, he's going to outline the five reasons why he thinks equities could fall, but first, today's data download. stocks ended the day in the green but well off session highs. energy and financials were the best performing sectors while
meanwhile, the unemployment is up, bad times on many fronts in the economy in the united states, but look what's happening. the market just keeps laughing it off and going up in the face of danger, all of the indices are up today. as cheryl and i were talking, they did come down a little bit. it was triple digits in the dow a little earlier in the day, it came down from that point but still a 69-point gain b is quite impressive. all of the indices, nasdaq the smallest of the gainers today, just...
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Sep 21, 2012
09/12
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we think the opportunity continues to be very strong in the united states, and we think larger caps are the place to be. liz: where in the larger cap space? are there particular sectors you like? particular names? >> well, within the large cap, we believe in a broader based investment strategy, well diversified. a couple of sectors we like is health care and the other is real estate despite huge runups with home builders. we think that recovery is just at its infancy, and really won't peak out for another four or five years in the real estate market. a couple sectors we think have real legs to grow much higher. david: david, back to you. we have a credit crunch going on. the fed, both the fed and politicians, try to make sure we don't have the same kind of bubble in housing we did before. large companies can get around this in a way small companies can't going directly into the markets themselves. for that reason, would you prefer a large cap company over a small cap company right now? >> yes, absolutely. for the reasons you cite. number one, they do have access to credit. number two, t
we think the opportunity continues to be very strong in the united states, and we think larger caps are the place to be. liz: where in the larger cap space? are there particular sectors you like? particular names? >> well, within the large cap, we believe in a broader based investment strategy, well diversified. a couple of sectors we like is health care and the other is real estate despite huge runups with home builders. we think that recovery is just at its infancy, and really won't...